The General Department of Taxation has recently sent a document to local tax departments regarding the application of the Vietnam-Uruguay Double Taxation Avoidance Agreement, effective from January 1, 2017.
The document reiterates the content of the Vietnam-Uruguay Double Taxation Avoidance Agreement, signed on July 26, 2016, and requests tax departments to implement it from January 1, 2017, in accordance with the signed agreement.
Based on the completion of legal procedures, agreements on avoiding double taxation and preventing tax evasion with respect to taxes on income and property between the Government of Vietnam and the Governments of other countries will come into effect.
According to information from the General Department of Taxation, as of August 2016, Vietnam had signed double taxation avoidance and tax evasion prevention agreements with 75 countries and territories worldwide…www.expertis.vn
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